The Ministry of Labour and Employment (MoL&E) on June 29, 2026, notified the Employees' Deposit Linked Insurance Scheme, 2026.
The following has been stated:-
•The Employees’ Deposit-Linked Insurance (EDLI) Scheme, 2026, has been notified under the Code on Social Security, 2020, replacing the Employees’ Deposit-Linked Insurance Scheme, 1976, and applies to establishments covered under Chapter III of the Code.
•The scheme prescribes employer contributions, electronic payment procedures, employer compliance obligations, fund administration, investment, audit, budgeting, and valuation of the Insurance Fund.
•It provides an assurance benefit to the nominees of employees who die while being Provident Fund members, linked to the employee's average PF balance.
•The maximum assurance benefit is ₹1 lakh, while a minimum benefit of ₹50,000 is guaranteed irrespective of the average PF balance.
•The scheme also transfers the assets of the 1976 scheme to the new Insurance Fund and aligns its administration with the Employees’ Provident Funds Scheme, 2026.
It shall come into force on June 30, 2026.
The detailed notification is given in the document below.
[Notification No.: G.S.R. 526(E)]
